Page 4 - Equalisation Fund News Today

The Controller of Budget (CoB) says she has received threats from some governors in her quest to ensure prudent management of public finance.

The summit comes after a meeting chaired by DP failed to reach a middle ground.

They said the Bill is discriminatory and needs to be redrafted in order to accommodate the interests of all counties.

CBK has agreed to offer the CoB real-time access to county bank accounts, ending an embarrassing fight between the two key institutions at the centre of public finance management.

CRA said since the inception of the Fund in 2012, a total of Sh55.28 billion has been due to the kitty.

Battles have delayed the implementation of several legislations, the new senators heard during their retreat.

CoB Margaret Nyakango told the Business Daily Tuesday that the CBK turned down her requests to access accounts of the 47 counties.

If Kenya hopes to tame the theft of public funds by government officials, all agencies must collaborate and remove unnecessary bureaucracy.

The new parliament will review implementation of the national budget every three months after lawmakers amended House rules.

More than Sh18 billion meant for provision of basic services in marginalised areas has been lying idle at the Treasury for the past nine years.